EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2021

The following table illustrates the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2021 and 2020 (in thousands, except share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator
Net income (loss)	$	10,223	$	36,460	$	(88,903)	$	101,300
Denominator
Basic weighted average common shares and common equivalents	220,865,518		205,791,699		216,227,221		205,592,806
Dilutive restricted stock units	1,198,392		935,468		—		849,868

Diluted weighted average common shares	222,063,910		206,727,167		216,227,221		206,442,674
Net income (loss), per:
Basic common share	$	0.05	$	0.18	$	(0.41)	$	0.49
Diluted common share	$	0.05	$	0.18	$	(0.41)	$	0.49

During the three and nine months ended September 30, 2021, approximately 2,400 and 1,700 restricted stock units, respectively, and no shares and 300 shares, respectively, related to forward equity sale agreements were not included in computing diluted earnings per share because they were considered anti-dilutive. During the three and nine months ended September 30, 2020, approximately 99,700 and 113,300 restricted stock units, respectively, were not included in computing diluted earnings per share because they were considered anti-dilutive.